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Nasdaq 100 Signal Trendline Chart
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NASDAQ 100 or Nasdaq Composite
NASDAQ is an Index which is composed of 100 or 107 largely traded United States companies. These 100 or 107 companies are non-financial companies and also these companies are listed on the NASDAQ. In this Index, there are companies from a broad range of industries except those companies who operate in the financial industry such as investment companies like insurance companies and Banks. The phenomena or method used in this index is capitalization-weighted index. All the stocks weights in this index are totally based on their market capitalizations with the help of certain rules or regulation for largest components for the purpose capping the influence. This whole method is based on exchange and this index is not an index for companies like United States based companies. This index does not contain financial companies because these companies were put in the separate index.
Both of these features differentiate it from another index or company which is called Dow Jones Industrial Average and exclusion of financial companies also differentiate it from S&P 500.NASDAQ is also a global electronic marketplace for the whole world for the purpose of buying and selling securities as well as it is an index which also show a benchmark of United States Technology based Stocks. The term NASDAQ is also used to refer another company or index in which more than 3000 stocks are listed and also the world leading technology companies are also listed in this exchange and this term or index is NASDAQ Composite.
History of NASDAQ 100
NASDAQ 100 came into being on 31 January 1985.This company or index is owned by “NASDAQ”. Actually, the purpose of creation of this company is that NASDAQ is trying to promote itself in the New York stock exchange. They did so by creating two amazing different indices, first one is NASDAQ 100 index which contains lots of companies like Telecommunication companies, Healthcare, Technology and industrial companies, and on the other hand, NASDAQ Financial 100 also consist of lots of companies like Banking companies, Investment companies, insurance companies and also mortgage companies. By creating these two indices which contain lots of companies NASDAQ hoped that future contracts with companies and options would be created on them and as their benchmarks mutual fund would adopt them.
Initially, at the beginning of this index, the base price for the index was set as 250, but when it is closed at the end of first working year 31, Dec 1993 the base price was down and reset at 125.When the base price is halved below than that of this index is more commonly known as NASDAQ Composite. The first annual adjustments for this company were made in 1993 for the purpose to advance options on the index. Foreign companies were first time admitted to this index in January 1998.Before 1998, there is no foreign company included in this index. But one condition for the company who wants to admit in this index is that company must have higher standings. These high standards will relaxed in 2002 while high standards for domestic firms were raised high.
On July 17, 1995, the Nasdaq 100 closed above the 1,000 mark for the first time. It made steady gains in the following years to reach 2,000 points by 1998, then began to accelerate significantly. This process mushroomed amid concerns that businesses would require massive technology replacement to achieve Y2K compatibility, allowing the index to reach 3,000 by late 1999, and to close that year at 4,069.31 points. On March 10, 2000, the index finally peaked at an intra-day high of 5,132.52, and closed at an all-time high of 5,048.62. The decline from this peak signaled the beginning of the dot-com bubble burst.
The Nasdaq 100 index declined to half its value within a year, and finally hit the bottom of the bear market trend on October 10, 2002, with an intra-day low of 1,108.49. While the index gradually recovered since then, it did not trade for more than half of its peak value until May 2007. The 2000s (decade) brought a mix of pessimistic news stemming from the Early 2000s recession, the September 11 attacks and the impending Afghan War along with the 2003 invasion of Iraq.
The Nasdaq Composite opened the fourth quarter of 2007 with new 80-month highs, closing above the 2,800 point mark on October 9, 2007, and reaching an intra-day level of 2,861.51 on October 31, 2007, the highest point reached on the index since January 24, 2001.
High energy prices and the possibility of recession dropped the NASDAQ 100 into a bear market in early 2008, which was recognized on February 6 when the NASDAQ closed below the 2,300 level, about 20% below the recent highs. Furthermore, the failure of Lehman Brothers in September brought world financial markets into turmoil. The NASDAQ Composite was no exception, experiencing record levels of market volatility. On September 29, 2008, the NASDAQ dropped nearly 200 points, the most since the tech bubble burst, losing 9.14% (third largest in history) to fall beneath the 2,000 level. Conversely, on October 13, 2008, the NASDAQ recorded a gain of nearly 200 points (more than 11%). On March 9, 2009, the composite hit a six-year intra-day low of 1,265.52 before recovering under the influence of Federal Reserve quantitative easing (QE).
Amid hope that the Late-2000s Recession, the United States housing bubble and the Global financial crisis of 2008–2009 were easing and possibly coming to an end, the NASDAQ closed December 2010 near 2,550, then established a volatile base in 2011 from which the index would finally surpass the 3,000 mark, and the initial crash low of mid-2000 (3,042.66), for the first time since the end of the 20th century. Powered by the resurgence of tech stocks with proven profitability, the index initially passed the 3K milestone intra-day on February 29, 2012, before correcting more than 10% that spring. Encountering further volatile pullbacks, the index still did manage a yearly close above 3,000 for only the second time in its history, ending 2012 with a total of 3,019.51 points. With the extension of relatively low tax rates for most incomes, the index jumped to begin 2013 with only minor pullbacks. On July 12, 2013, the index closed above 3,600, for the first time since September 29, 2000, by only 8 basis points at its high of the day; it had not traded above the milestone since October 3, 2000.
Investing in NASDAQ 100
In derivatives markets NASDAQ 100 is often abbreviated as NDX. Its all the corresponding future contracts are traded on Chicago Mercantile Exchange. Return Investment Code ND and E-mini version code NQ donates regular features. These two codes perform heavily traded features in the exchange. Exchange traded funds and Power shares QQQ are sponsored by Invesco through Power Shares since 21, March 2007.The name or sticker is “Cubes” through which it is commonly reffered. Formally it was called as NASDAQ 100 Trust series 1.It was moved from American Exchange on 21, March 2007 where it had the symbol QQQ and now NASDAQ has given a code or symbol consists of 4 digits QQQQ. Sometimes it is also called Quad Qs by the traders.
It was most actively traded security in 2000 in the whole United States, on 24 March it hit an all-time split by trading high of $120 and after that it dropped to being in the top 5 stocks after other stocks. The fund is third most traded exchange traded product in the world on 12 August 2012.In 2001 the ETF closed above $50 ,this same thing happens on 17,July 2007 that the ETF closed above $50 and then on 31,Octobar 2007 it reached the peak of $55.07. After 2007 this company is suffered from lots of crisis and then on 21, November 2008 the ETF reached as his low level which was $25.05.After lots of hard work in 2008 the value of ETF is gradually increases towards the peak day by day and one day on 18, October 2013 it had reached its peak and closed at $82.
Related Indices to NASDAQ 100
NASDAQ created a farm team index in 2006.50 stocks were represented by NASDAQ Q-50 to enter the NASDAQ 100.Most of the stocks that are added to this index are came from Q-50 index with some exception like high standing. NASDAQ created his another index in 2005 which was NASDAQ-500 for the purpose of tracking 500 largest stocks.NASDAQ-400 was also created by them. The purpose of creating Q-400 is that in this index they include all the stocks which are not included in NASDAQ-100. They also divided their q-100 index into two sub-indices, NASDAQ-100 tech follows those companies who provide tech services and, on the other hand, NASDAQ-100 Ex-Tech which follows those countries which are not considered Tech companies.
Differences from other Indices
NASDAQ-100 also included 8 foreign companies which are incorporated outside the United States due to lack of financial companies in the United States. Dow Jones Industrial Average (DJIA) never included any company incorporated outside the US while on the other had S&P 500 includes companies which are not incorporated in the United States.